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“In the week ending August 11, the advance figure for seasonally adjusted initial claims was 212,000, a decrease of 2,000 from the previous week’s revised level,”  the U.S. Department of Labor announced on Thursday.

Key takeaways from the official publication

  • The previous week’s level was revised up by 1,000 from 213,000 to 214,000.
  • The 4-week moving average was 215,500, an increase of 1,000 from the previous week’s revised average.  
  • The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 4, unchanged from the previous week’s unrevised rate.
  • The advance number for seasonally adjusted insured unemployment during the week ending August 4 was 1,721,000, a decrease of 39,000 from the previous week’s revised level.